Vineeet Kumar Vs Union of India (Punjab and Haryana High Court) The precise contention of the learned counsel for the petitioner is that while appearing in response to a notice under Section 70 of the Central Goods and Services Tax Act, 2017 (for short the CGST Act), Section 116 of the CGST Act permits the […]
Apart from being a critical driver of economic growth, Foreign Direct Investment (FDI) has been a major non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges like tax exemptions, etc. For a country where foreign investment is being made, it also means achieving technical know-how and generating employment.
The needs of society and demands of modernization and industrialization have led to the enactment of laws. There is hardly any human activity that is not governed by one or the other law. Additionally, there are several legislative enactments, provisions whereof as contained in a single section run into several pages.
The Ministry of Corporate Affairs has notified the provisions related to Pre-pack Insolvency Process for Micro, Small and Medium Enterprises (MSMEs) registered under Micro, Small and Medium Enterprises Development Act, 2006. PPIRP is aimed at helping a Corporate Debtor (CD) restructure its debts, so that it may start afresh. It seems this process is rolled […]
In re Unique Aqua Systems (GST AAAR Tamilnadu) The issue is not answered and is deemed to be that no ruling is issued under Section 101(3) of CGST/TNGST Act 2017 because of the difference of opinion between the members. FULL TEXT OF THE ORDER OF AUTHORITY OF APPELLATE ADVANCE RULING,TAMILNADU At the outset, we would like […]
This article will take you through the process for obtaining the licence for cosmetics as per the drugs and cosmetic act 1945 The detailed process for obtaining license under the act are as follows- Manufacture on more than one set of premises (SECTION 137) If cosmetics are manufactured on more than one premises, a separate […]
Principal Commissioner, Customs Vs Dish TV India Limited (CESTAT Delhi) At the outset learned Counsel representing the appellant importer, Shri Dalmia and Shri Tagra, submitted that the SCN was issued by DRI in these matters under section 28(4) of the Customs Act demanding differential duty in respect of the goods which were assessed and thereafter […]
Fact that the business of Alliance Agro could not take off properly due to technical snags and the bad weather conditions reinforces the assessee’s claim of having genuinely incurred loss of Rs.1.43 core for its business purpose which became irrecoverable loss.
Rajasthan Prime Steel Processing Center Pvt. Ltd. Vs Commissioner Central Excise and CGST (CESTAT Delhi) Appellant is engaged in the manufacture of auto parts which the appellant sells to many buyers. The appellant had entered into a contract with Honda India for supply of auto parts used in the manufacture of motor vehicles. For the […]
Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022 vide Notification No. 49/2021-Customs Dated 13th October,2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 49/2021-Customs New Delhi, the 13th October, 2021 G.S.R. 734 (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the […]
